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No new assay results yet, but Gold Bullion Development Corporation (GBB, TSX-V) has just come out with news (about 8:15 am Pacific time) which makes some very powerful statements regarding the Granada Gold Property.  We’ll be analyzing today, and getting feedback from various sources for a major report by tomorrow morning, but there are several highly significant points in this news and at first glance here’s our take:

1.  Land position more than doubles.  GBB has picked up 2,812 additional hectares around Granada.  No mention, however, of where that new property is – north, south, east or west.  It seems they are keeping their cards close to their chest for competitive reasons which suggests a “staking” rush could be underway;

2.  GENIVAR, Gold Bullion’s geological consultant, has completed a preliminary resource block model for the LONG Bars Zone based on 26,000 metres of historical drilling at Granada, underground workings and three test open-pit bulk samples.  Data from GBB‘s 2,817 metres drill program will be integrated into this block model.  This is HUGE – things are much more advanced in terms of moving this project along than even we were aware of.  A block model allows for conceptual tonnage estimates.  This is going to get really interesting, folks;

3.  Exploration is being “fast-tracked” now at Granada;

4.  Gold Bullion’s objective is to complete a “very large Phase 3 drill program” (our emphasis) by year-end beginning this spring.  Very large, in our view, implies anywhere from 20,000 to maybe 60,000 metres of drilling.  Granada is going to be drilled like Swiss cheese;

5.  Preliminary NI-43-101 inferred resource estimate for Granada expected by year-end;

Wow.  The message that comes across from reading this is that these guys are SERIOUS.  Gold Bullion means business.

This morning’s news reinforces our view that Gold Bullion is on track for the next major gold discovery along the “Cadillac Trend”.

Gold had a volatile day yesterday and has so far successfully tested the $1,100 level this morning…as of 7:00 am Pacific time, gold is off $4.00 an ounce to $1,104…there is very strong support for gold at $1,100, technically and fundamentally, and further testing of this level is not such a bad thing…despite gold’s drop yesterday, the CDNX lost just 2 points to 1,557…after the first 30 minutes of trading this morning, the Venture is off 5 more points to 1,552…quite a day yesterday for Eagle Hill Explorations which traded 27 million shares and more than doubled in price to 33 cents after drilling 33 metres of 19.61 g/t Au at Windfall…not surprisngly, Eagle Hill is running higher today after a brief pullback at the open…this kind of news and activity is positive for the Venture market and helps add more fuel to the bull market…it’ll be interesting to see if EAG can blast through its all-time high of 46 cents…a 200,000 share bid from TD at 22 cents less than a minute after the open this morning caught our attention with Gold Bullion Development (GBB, TSX-V)…yesterday’s trading, from a technical standpoint, appeared to be a bullish hammer reversal, so today could prove interesting to watch to see if there is any follow through from that…any weakness in Gold Bullion, in our view, represents an attractive buying opportunity…GBB is currently at 23.5 cents, up a penny…Colombian Mines Corporation (CMJ, TSX-V) is weak this morning (down 17 cents to $1.13 after dropping to as low as $1.01) and we suggest taking advantage of any pullback in that stock as well…Octagon is jumping in again on the buy side with Seafield Resources (SFF, TSX-V) which is up half a penny to 28 cents…

Gold ran up as high as $1,129 this morning but has since backed off and now sits at $1,123, up $1.00, as of 7:45 am Pacific time…the CDNX is ahead 1 point to 1,560…Colombian Mines Corporation (CMJ, TSX-V) which we began covering at 60 cents last December, is up 18 cents to $1.38 after hitting a 52-week high of $1.42…CMJ announced Monday it has mobilized a second drill to its Yarmualito project, and that’s always encouraging news…CMJ is in the process of completing a financing for nearly $4 million…Gold Bullion Development (GBB, TSX-V) has pulled back slightly again this morning, though from a technical perspective that’s not such a bad thing as it will pave the way for another leg up which we are undoubtedly going to see (and perhaps very soon)…with a significant discovery so far at Granada which has the potential of turning into a major discovery, any weakness on profit-taking in this stock has to be considered a buying opportunity…Kent Exploration (KEX, TSX-V) is unchanged at .185 while Seafield Resources (SFF, TSX-V) is up a penny to 29.5 cents…another great stock to accumulate this month is Richfield Ventures (RVC, TSX-V) which of course is part of the BullMarketRun portfolio…technically, Richfield has gotten overbought with its run-up to $1.80 Monday…for those who are looking to add Richfield to their holdings, we would suggest an entry point of between $1.60 and $1.65, just above the 10-day moving average…Richfield is up a penny to $1.76 this morning…

Gold sank as low as $1,108 early today but has recovered some of those losses and as of 8:10 am Pacific time is off only $8.00 an ounce to $1,116…the CDNX is down 5 points to 1,557…weakness in gold and/or the CDNX have to viewed as buying opportunities as these markets are in clear uptrends…Gold Bullion Development Corporation (GBB, TSX-V)  is consolidating nicely around the 25 cent level…Jordan Capital has bought 1,827,500 GBB shares over the past five trading sessions at an average price of 18 cents and has sold only 95,000, which should offer a clue as to where Gold Bullion is headed…Jordan’s net position since December 1, 2009, now stands at a whopping 5,218,000 shares or 6.4% of the total Gold Bullion outstanding shares…they have bought 5,836,000 shares since December 1 and have sold only 618,000…Jordan liked the story, financed the company in December, and clearly sees even better days ahead…Kent Exploration (KEX, TSX-V) is our “next” Gold Bullion, we believe, with a market cap of only $7.4 million…Kent is currently drilling its Gnaweeda Gold Property in western Australia (a joint venture with Teck, Kent is the operator) and another drill program is pending in New Zealand…Kent’s Alexander River Property, in close proximity to OceanaGold’s (OGC, TSX) Globe Progress Mine, is a former producer with an estimated historical resource of 640,000 ounces…Kent has already confirmed the impressive mineralization at Alexander River with trench assays that were released in January…we expect big things out of Alexander River and possibily Gnaweeda as well…everything about Kent is attractive to us including its management which is first-rate…Graeme O’Neill has a very focussed business approach to Kent and has successfully maintained a tight share structure…Seafield Resources (SFF, TSX-V) is 1.5 cents this morning to 29.5…we were disappointed with yesterday’s performance by Seafield in the wake of its Colombian news, but this has consistently been a hard stock to predict on a very short-term basis…we remain extremely bullish on Seafield and the smartest strategy is likely just tucking this one away for the next few months which should prove to be very interesting…

Gold reversed course this morning, retreating from $1,139 into a zone of strong support…gold is off $9 to $1,125 as of 8:05 am Pacific time…the CDNX is up 5 points to 1,563 as it continues to head higher despite gold’s weakness this morning…Gold Bullion Development (GBB, TSX-V) is having another strong day, hitting a new 52-week high of .275…GBB is currently up 2.5 cents to 26 cents on nearly 2 million shares…given what Gold Bullion has discovered so far at Granada on the drilling of just 3,000 or so metres (25 holes, with 13 still to report), one can only imagine what could happen when they soon launch a large third phase of drilling…the gold mineralization appears to be near-surface and widespread over this property which stretches 2 kilometres north-south and 7 kilometres east-west…what the market hasn’t also really taken into account yet is that Gold Bullion has also encountered some copper and nickel values at Granada…to the best of our knowledge nickel has never been recovered in that area before, so the source of that nickel is interesting indeed and could be determined as drilling expands…the appetite for this stock is understandable given the potential here, and we see no reason why GBB should be trading at a market cap below that of its northern neighbor Yorbeau Resources (YRB.A, TSX)…while gold is off this morning, the TSX Gold Index is down just slightly at 332…the Index is looking strong technically right now…combined with how the CDNX is performing, there’s little doubt in our mind that gold is going to charge ahead forcefully…

Welcome to our site, or at least a sneak preview of it! The final version will look much different than this as we develop a fully-integrated and very unique business, investment and money-management resource site.

An important component of this site is going to be original research on small and undiscovered junior resource companies that offer very real and significant upside potential. We are extremely selective in the companies we feature and put forward to investors – we prefer quality over quantity. Management is the first thing we look at – it’s our #1 criteria – because without superb or solid management, a company with the best properties in the world is either going to underperform or flat-out fail. As simple as that. So we look for superior management guided by strong business ethics and integrity, followed by an outstanding portfolio of projects.

Disclaimer:

BullMarketRun.com is completely independent from any companies we cover. We accept no compensation of any kind from any groups, individuals or corporations mentioned on our site. Our stock coverage is for informational purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. No investment opinion or other advice is being rendered on any stock or company. We strongly recommend that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research before making any investment decisions. The stocks we cover, by definition, are highly speculative and potentially very volatile. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase or short sale in these speculative stocks. We are not Registered Securities Advisors. Our opinions can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.  It should be assumed that BullMarketRun.com writers and their associates may hold or dispose of or trade in positions in any securities mentioned herein at any time.

CDNX

Volume has picked up significantly, a bullish sign, with the CDNX closing Friday, March 5, at 1,558, a strong 26-point weekly gain.  This is a very powerful looking market and we now expect it will surge to a new 52-week high sometime this month.  The overbought technical conditions we saw in January have unwound, paving the way for this fresh advance.  Another 10% gain from here, or a 150-point move, could easily occur this month.  The action we’ve seen recently is very similar to the July-August period last year when the market ended a correction and then moved sharply higher.  The bears are simply fighting a losing battle here – the bulls are firmly in control and should remain so into April at least.  Ultimately, we believe the CDNX will reach our target area of 1,950 – 2,350 this year which means fortunes could be made by some in the weeks and months ahead.

Gold is equally bullish and has performed remarkably well in the face of U.S. dollar strength recently.  Gold’s 50-day moving average has now turned positive, which confirms our bullish stance, and its December-January-February correction appears to have been a classic 3-wave reaction back toward an area of very strong support.  We expect gold will at least try to break through its all-time high this month.

The BullMarketRun Portfolio – A Wild Week

Gold Bullion Development (GBB, TSX-V)

A discovery will certainly do wonders for a gold stock – what a week for GBB!  Gold Bullion doubled this past week from 11.5 cents to 23.5, and could quite possibly pull off that trick again this coming week…the stock traded a whopping 25,352,588 shares over the final four trading days of the week after announcing outstanding assay results from its Granada Gold Property near Rouyn-Noranda, Quebec…at the end of the week the stock got a buy recommendation from the Coffin Brothers, David and Eric, who put out the Hard Rock Analyst (HRA) publication…the Coffins are internationally recognized in the resource industry with David being a geologist and obviously understanding that Gold Bullion could potentially be sitting on a very significant bulk tonnage, open-pit deposit 40 miles west of Osisko’s (OSK, TSX) Canadian Malartic Deposit…

Seafield Resources (SFF, TSX-V)

News came out from Seafield right near the close Friday with the company finally announcing it has completed its Colombian property acquisition agreement with privately-held Caribbean Copper and Gold Corporation (CCGC)…Seafield closed Friday at 28.5 cents, down 4 cents on the week, but should certainly recover that loss and then some this coming week…the accumulation in Seafield has been impressive to say the least over the past number of months, and the Colombian rock ‘n roll show now appears ready to begin…

Kent Exploration (KEX, TSX-V)

Kent has broken out technically with its highest close Friday (19 cents) since January 26…volume picked up significantly in Kent this past week with the stock ahead 3.5 cents…its low market cap of just under $7 million makes Kent an extremely attractive situation…the company announced late Friday morning that drilling has commenced at its Gnaweeda Gold Project in western Australia, a joint-venture with Teck…as much as we like Gnaweeda, we’re even more bullish on Kent’s Alexander River Property in New Zealand which has a historical, non-compliant resource of 640,000 ounces…drilling begins soon at Alexander River…

Greencastle Resources (VGN, TSX-V)

All is quiet on the Greencastle front, though we suspect some of the activity in Seafield could spill over into Greencastle…the companies have common management and Greencastle, we believe, still holds an equity position in Seafield…Greencastle closed this past week at 15.5 cents, unchanged…

Richfield Ventures (RVC, TSX-V)

Richfield broke to the upside this past week, closing at $1.70 for a 22-cent gain..drilling starts within a month or so at Richfield’s Blackwater Gold Project in the BC Interior, a potentially major bulk-tonnage target…Richfield could go on a spectacular run in the near future, but at the moment it will find resistance in the $1.80 – $1.90 area with the chart saying this stock is currently technically overbought…

Colombian Mines Corporation (CMJ, TSX-V)

Colombian Mines announced last week they are increasing their private placement from 3.16 units at 95 cents per unit to as much as 4.10 units at 95 cents to raise gross proceeds of as much as $3,895,000…this stock, which closed Friday at $1.06, a six-cent gain on the week, is likely range-bound between 95 cents and $1.10 until the financing is officially out of the way…we expect big things out of CMJ in the months ahead as it develops its high quality and significant land packages

BullMarketRun finally has company in its endorsement of Gold Bullion Development Corporation (GBB, TSX-V), and what prestigious company it is!

The Coffin Brothers (David and Eric, Hard Rock Analyst – HRA) are huge in the resource business and have put out a buy recommendation on Gold Bullion.  What’s so significant about this is that these guys understand geology – David, in particular, who is a geologist, while Eric has the business savy and handles the financial analysis side of things.

There is no way the Coffin Brothers would have endorsed Gold Bullion if they didn’t do their homework.  That meant, undoubtedly, speaking with Frank Basa, pouring over all the drill results, and examining historical information on Granada to come to the conclusion that “these shallow intersections do indicate a bulk tonnage system with broad gold grade is in place.”

There will be more recommendations put out on Gold Bullion for sure, but just remember where the first one came from (at 7 cents back in December at BMR)!

The Coffins know their stuff and we’re thrilled they’ve picked up on this growing story.  The potential of Gold Bullion is reflected very clearly in this description of the Coffin Brothers’ Hard Rock Analyst on their web site:

“HRA also uncovers high risk/high potential exploration plays, the kind of ‘swing for the fences’ trade that can yield returns of hundreds or even thousands of percent.”

David and Eric, it’s great to have you following the exciting story of Gold Bullion Development and a possible major new discovery along the prolific “Cadillac Trend”.